Technopark is a technology park in Thiruvananthapuram, Kerala, India. It is the largest information technology park in India in terms of built up area. The park is dedicated to IT ventures. Launched in 1990, Technopark as of 2012 has 4 million square feet of built-up area, and is home to over 285 companies, employing nearly 40,000 professionals. Technopark is currently on an expansion mode by adding another 37 hectares as part of Phase III expansion and 450 acres (1.8 km²) as Technocity—an integrated IT township near Pallippuram. The policy of economic liberalisation initiated by the government of India in 1991 and the rapid growth of the global software industry during the 1990s substantially contributed to its growth. During the global financial crisis of 2007–2010, the park saw a period of reduced growth in 2009-10, where the exports recorded was only 2.8% more than the previous year.